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Britain's borrowing costs surge close to a 27-year high as experts warn country faces a 'moron premium' under Rachel Reeves

Britain's borrowing costs surge close to a 27-year high as experts warn country faces a 'moron premium' under Rachel Reeves
The latest sell-off in government bonds, known as gilts, piled fresh pressure on Rachel Reeves ahead of the Budget after she was warned she could require a 1970s-style IMF bailout.

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